Join Our Telegram channel to stay up to date on breaking news coverage
As we kick off the week, the total crypto market stands at an impressive $2.42 trillion. Bitcoin, priced at $67,710, has seen a slight dip of -1.63% in the past 24 hours, which has brought its market cap down to $1.33 trillion, with a dominance of 55.08%. However, this minor decrease hasn’t dampened market spirits. In fact, the Fear & Greed Index is still showing a healthy reading of 71, indicating a bullish sentiment. Moreover, with trading volume hitting $384.79 billion, it’s clear that the excitement in the crypto space remains strong.
Biggest Crypto Gainers Today – Top List
Interestingly, 21% of cryptocurrencies gained value, while 79% lost value in the last 24 hours. For instance, FTX Token (FTT) emerged as the biggest gainer, surging 8.22% and showcasing strong investor confidence. Conversely, Blox experienced the most significant drop, with a 6.14% decrease. Amid this varied performance, four standout top gainers caught the eye.
Firstly, PlatON surged by 15.48%, capturing significant market attention with its focus on privacy computing. Meanwhile, SKALE saw a notable 5.97% rise, driven by its innovative approach to Ethereum scalability. Additionally, Threshold gained 3.38%, thanks to its advanced cryptographic primitives. Notably, Qtum also experienced a 2.23% increase, leveraging its blend of Bitcoin’s security and Ethereum’s smart contract versatility.
1. PlatON (LAT)
PlatON, initiated by the LatticeX Foundation, serves as an open financial infrastructure with a focus on privacy computing. Designed to support the stability and performance of traditional financial systems, PlatON offers enhanced digital asset management and encrypted payment solutions for various Web3 applications. Moreover, its native token, LAT, facilitates transactions, governance, and incentivization within the ecosystem. By integrating the Ethereum Virtual Machine (EVM) and WASM virtual machine, PlatON ensures compatibility and broad developer engagement.
In terms of use cases, PlatON spans financial services to AI and data processing, highlighting its versatility. The platform employs advanced cryptographic techniques, including digital signatures and encryption, to secure data and transactions. Furthermore, privacy computing technologies protect user data by enabling secure computations without exposing the actual data. Moreover, partnerships with financial institutions and continuous security enhancements ensure compliance and protection against evolving threats.
You can now mint SAT using tBTC as collateral on @build_on_bob! 🚀 https://t.co/hFUtoBqyCx
— Threshold Network ✜ (@TheTNetwork) July 27, 2024
PlatON shines brightly in the short term, boasting a notable 15.48% surge over the last 24 hours, which highlights strong bullish sentiment. Additionally, its RSI of 61.73 suggests neutral trading conditions, pointing to the possibility of further gains. Looking at the long term, PlatON stands out with an impressive 109% annual increase, and it is trading 76% above its 200-day SMA. Moreover, it’s 53% positive days and moderate volatility of 17% illustrate a balanced yet dynamic growth trajectory. Consequently, PlatON has outperformed 63% of top crypto assets, positioning itself as a strong contender with high liquidity and a promising outlook.
2. SKALE (SKL)
SKALE is a cutting-edge modular blockchain network designed to supercharge Ethereum’s scalability. Notably, it runs unlimited fast, on-demand blockchains, called SKALE chains, with zero gas fees for end users. These chains can be dApp-specific or shared, offering a customizable and decentralized modular cloud for DApps. Consequently, this architecture ensures decentralization without compromising security. Developers can use SKALE to run Solidity smart contracts faster and cheaper, which is perfect for high-performance apps like games and streaming services.
Firstly, SKALE addresses Ethereum’s scalability issues and high gas fees by offering zero gas fees to end users. This critical feature benefits developers, users, and NFT creators. Additionally, SKALE’s capacity grows with new nodes, boosting throughput and computational power. Consequently, SKALE handles up to 2,000 transactions per second per chain, enhancing the speed of Ethereum-based smart contracts. Moreover, the network’s security is enhanced by pooling validator sets, random node assignment, rotation to prevent collusion, and proof-of-stake (PoS).
With consumer dApps leading the wave of Web3 mass adoption, gaming is no exception! 🎮
SKALE is home to dozens of games and millions of gamers, on consumer-friendly platforms like the @EpicGames Store!
Dive into the updated State of SKALE gaming: https://t.co/U7Ncfly9oB pic.twitter.com/PwswHTvF9I
— SKALE (@SkaleNetwork) July 24, 2024
SKALE presents a compelling short-term picture, with a 5.97% rise in the past day. However, its RSI at 73.58 indicates an overbought condition, suggesting a potential near-term correction. In the long term, SKL has achieved an 87% increase over the past year despite trading 35.02% below its 200-day SMA. This contrasts with the steadier rise of PlatON and highlights a more volatile growth path. SKL’s 43% green days and low volatility (8%) point to a relatively stable environment. However, it has outpaced 60% of top crypto assets, positioning it well compared to Qtum but slightly behind PlatON in market competitiveness and growth potential.
3. WienerAI (WAI)
WienerAI is now a hot topic in the crypto world, with its presale already raising over $8 million and just days left to invest. This meme coin, featuring a charming wiener dog mascot, aims to disrupt the meme coin market with a powerful AI trading chatbot. This bot is designed to make crypto trading effortless for both beginners and experts, helping users discover trade setups and execute trades seamlessly.
$8 Million raised and launch is around the corner!! The hype is real! pic.twitter.com/XiiZ3UqIns
— WienerAI (@WienerDogAI) July 26, 2024
The current presale price of $0.00073 per $WAI is a bargain compared to the anticipated future gains. Over 70% of the raised funds are locked in staking, reflecting strong investor confidence. With an impending exchange listing, $WAI is expected to experience significant price movements, presenting a potentially lucrative opportunity for early investors. The project’s innovative technology, coupled with its meme coin appeal, has garnered considerable media attention and positive forecasts from crypto investors.
WienerAI’s trading bot offers more than just trade recommendations; it enables users to execute trades directly and provides insights into market opportunities. It also features protections against MEV bots and promises upgradability to stay relevant in the evolving market. With the presale wrapping up fast, now is the time to grab your $WAI tokens before this golden opportunity slips away!
4. Threshold (T)
The Threshold network offers advanced cryptographic primitives for dApps, enhancing privacy, security, and interoperability. Specifically, these include proxy re-encryption (PRE), threshold signatures (TSS), distributed key generation (DKG), and random beacon (RB). Together, they support secure data sharing, access controls, and cross-chain interactions. For example, one key application is tBTC, a tokenized Bitcoin that operates without custodians. Consequently, this allows Bitcoin holders to engage with DeFi while maintaining privacy and reducing censorship risks. Furthermore, the T token is essential for staking and node operations, ensuring the network’s efficiency and security.
Threshold’s security relies on threshold cryptography and signature schemes, distributing trust among multiple parties. Therefore, this makes it hard for malicious actors to compromise the network. Additionally, the network uses TypeScript and JavaScript for secure and efficient development, supported by regular security audits. It also supports cross-chain projects on networks like Sepolia, promoting seamless blockchain interactions. Besides tBTC, it supports applications like RandomBeacon and Threshold Autonomous Credentials (TACo) apps.
You can now mint SAT using tBTC as collateral on @build_on_bob! 🚀 https://t.co/hFUtoBqyCx
— Threshold Network ✜ (@TheTNetwork) July 27, 2024
Threshold Token’s short-term prospects are stable, with a 3.38% increase in the last 24 hours and an RSI of 53.61, indicating neutral trading. Analyzing its long-term performance, we see that its price has remained stagnant over the past year, marking it as the least dynamic among its peers. Despite this, it is trading 3.42% above its 200-day SMA, showing some positive momentum. Its performance, with 47% green days and low volatility (8%), suggests a steady but unremarkable trajectory. Threshold lags behind PlatON and SKALE, surpassing only 21% of top crypto assets.
5. Qtum (QTUM)
Qtum combines Bitcoin’s dependable security with Ethereum’s versatile smart contract features. It achieves this by leveraging its innovative proof-of-stake (PoS) mechanism. By integrating Bitcoin’s UTXO model with Ethereum’s smart contracts via the Account Abstraction Layer (AAL), Qtum opens new possibilities. As a result, developers can use various programming languages like C++, Rust, and Python. Moreover, it supports Turing-complete smart contracts, which significantly boosts functionality.
Furthermore, Qtum utilizes the Decentralized Governance Protocol (DGP) to enable network upgrades and parameter changes without hard forks. This model actively involves stakeholders—miners, developers, and QTUM holders—in the decision-making process. Additionally, Qtum’s Mutualized Proof-of-Stake (MPoS) mechanism secures the network by incentivizing staking. It provides a cost-effective and environmentally friendly alternative to traditional proof-of-work systems. As a result, Qtum effectively addresses key blockchain challenges such as interoperability, governance, and scalability.
Since June 2017, Qtum has seen 48 GitHub releases. Each release consists of multiple patches and updates, along with other new features. Qtum Core is currently version 25.1 in production, version 26.1 is in testing, and version 27.1 being developed.
Qtum Core 25.1 (Current… pic.twitter.com/t78bUgEc1S
— Qtum (@qtum) July 16, 2024
Qtum’s short-term outlook appears cautiously optimistic, with a modest 2.23% increase in the last 24 hours, indicating steady but not explosive growth. Despite this, its 14-day RSI at 36.25 suggests it is trading in neutral territory, with potential for sideways movement. In the long term, it has had a 5% increase over the past year, though it lags 18.13% below its 200-day SMA. Compared to PlatON, which boasts significant yearly growth, Qtum’s performance seems conservative. However, its lower volatility (8%) and reasonable number of green days (57%) suggest stability. Yet it only outperformed 26% of top crypto assets, needing stronger momentum to compete with top gainers, PlatON and SKALE.
Read More
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
